Thursday, June 21, 2012

"I'm not in favour of tax avoidance ..."

Labour leader Ed Miliband said: "I'm not in favour of tax avoidance obviously, but I don't think it is for politicians to lecture people about morality."I think what the politicians need to do is - if the wrong thing is happening - change the law to prevent that tax avoidance happening."

"David Miliband, the schools minister, and his brother Ed, the chancellor’s economic adviser, are set to avoid paying thousands of pounds in tax through an Inland Revenue loophole which the Labour party pledged to close. "

The Sunday Times has learnt that after Ralph Miliband, the Marxist father of David and Ed, died in 1994, he transferred almost all his assets, including homes in London and Oxfordshire, to his wife.

However, after taking professional advice, the family is understood to have posthumously rewritten his will to give 20% of the London home to both David and Ed.

This scheme is called a “deed of variation” and was highlighted by the chancellor in opposition as an unacceptable way in which the wealthy avoid paying death duties."

Oh yea old man Milliband who came to educate us from our backward and dangerous ways from people who just wouldn't listen to the mild and moderate marxist creed and all it was doing in Russia and Ukraine, or understood too well. It seems there was a good demand for his wisdom if he had two homes. Isn't the free market wonderful - it rewards talent and enterprise right? Now his progeny is going to rise to rule us! It's just like the old testament isn't it? Lovely!